Resideo(REZI) ZACKS·2024-11-25 14:52Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Investing in bargain stocks with recent price momentum may be a safer approach [2] Group 2: Resideo Technologies (REZI) Analysis - Resideo Technologies (REZI) has shown significant price momentum, with a four-week price change of 35% [3] - Over the past 12 weeks, REZI's stock gained 35%, indicating strong long-term momentum [4] - REZI has a beta of 2.09, suggesting it moves 109% higher than the market in either direction [4] - The stock has a Momentum Score of B, indicating a favorable entry point for investors [5] - REZI has a Zacks Rank 1 (Strong Buy) due to upward trends in earnings estimate revisions [6] - The stock is trading at a Price-to-Sales ratio of 0.62, indicating it is reasonably valued [6] Group 3: Additional Investment Opportunities - Besides REZI, there are other stocks that meet the criteria of fast-paced momentum at a bargain [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles [8]